CoolSavings CEO Makes Substantial Company Stock Purchase.Business Editors CHICAGO--(BUSINESS WIRE)--Dec. 19, 2002 CoolSavings, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CSAV CSAV Center for the Study of Active Volcanoes (University of Hawaii) CSAV Compañía Sud Americana de Vapores (Chilean Shipping Company) CSAV Chief of Staff Aviation ), an online direct marketing and media company, today reported that president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Matthew Moog has purchased more than 968,000 shares of outstanding common stock in privately negotiated transactions at $0.0625 and $0.0650 per share, substantially increasing his stock ownership in CoolSavings. Upon joining CoolSavings in 1996 as the Vice President of Sales, Moog purchased shares of company stock and has continued to purchase stock each year since CoolSavings went public in 2000. Moog noted, "I made these purchases because I maintain a strong belief that the company has a very promising future. We have an incredible team of employees at CoolSavings that is totally committed to delivering the best products and services both to our 24 million registered consumers and our impressive list of advertisers. I believe that the CoolSavings business model will generate long term value for our stockholders." About CoolSavings CoolSavings is an online direct marketing and media company that provides smarter solutions to connect marketers to their target consumers. Combining industry-leading analytics and incentive technology with superior customer service that emphasizes a consultative approach, we enable a wide variety of advertisers to identify their best customers among over 20 million registered households and drive more effective campaign performance. CoolSavings' popular media property, coolsavings.com, is ranked the #1 coupon site on the Internet according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. recent comScore Media Metrix reports (1). (1) comScore Media Metrix Jan. 2000-Oct. 2002 CoolSavings is a registered trademark of CoolSavings, Inc. Other product and company names herein may be trademarks of their respective owners. Statements in this press release that are not historical facts are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, including the statements regarding Mr. Moog's expectations and beliefs. Forward-looking statements involve known and unknown risks, uncertainties and other factors, both general and specific to the matters discussed in this press release. Among these factors are the Company's ability to obtain additional debt and/or equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. , the uncertainties related to our unproven unproven Dubious, nonscientific, not proven, quack, questionable, unscientific adjective Relating to that which has not been validated by reproducible experiments or other scientific methods for determining effect or efficacy business model in a rapidly evolving marketplace, and our ability to protect our patents, trademarks and propriety rights. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by CoolSavings, may cause CoolSavings' actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. For a discussion of some of the risks, uncertainties and other factors which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in CoolSavings' Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2001, filed with the SEC. CoolSavings undertakes no obligation to update or revise any forward-looking statements as a result of new information, future events or developments or changed circumstances. |
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